News
ILS News

ILS funds move up the rankings, future growth potential clear


Generally, insurance-linked investment fund managers have moved up a ranking of alternative asset managers over the last year, as their assets under management increased propelling […]

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ILS News

ILS terms & conditions “largely converged” with traditional reinsurance: Willis Re


Insurance-linked securities (ILS) and catastrophe bond investment managers and their end-investors have been working hard to increase their market share in 2017, with pricing becoming […]

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News
ILS News

ILS listings on Bermuda BSX up by 16% in H1 2017 to $24.5 billion


The total number of insurance-linked listings of catastrophe bonds, insurance-linked securities (ILS), reinsurance sidecar notes and insurance linked investments on the Bermuda Stock Exchange (BSX) […]

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News
ILS News

When investing in ILS, size isn’t everything, says RenRe’s Chris Parry


When selecting an insurance-linked securities (ILS) investment size isn’t everything, and despite reduced returns in the space those that invest now will be in a […]

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News
ILS News

42% of Florida Citizens renewal is collateralized markets & ILS funds


A whopping 42% of the limit placed for Florida’s Citizens Property Insurance Corporation’s reinsurance renewal was sourced from collateralized markets and insurance-linked securities (ILS) fund […]

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News
ILS News

NFIP reform bills progress, including calls for flood cat bonds


A number of bills aimed at reforming the U.S. National Flood Insurance Program (NFIP), in order to make it a more sustainable system and to […]

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News
ILS News

ILS Bermuda announces Keynote Speaker for Convergence 2017 – Dan Gardner


ILS (Bermuda) Ltd., organisers of Bermuda Convergence 2017 today announced the event’s first keynote speaker, Dan Gardner – journalist, writer and consultant.  Mr. Gardner is well known for his invaluable […]

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News
ILS News

2017 sets new full-year cat bond record, at $9.14bn of issuance


It’s official. 2017 has now broken the record for full-year catastrophe bond issuance, with new risk capital issued so far already reaching $9.14 billion, according […]

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ILS News

ILS can be a socially & environmentally responsible investment: Experts


The argument for responsible investment (RI) in insurance-linked securities (ILS) can be seen in both society, with the benefits of insurance protection, and environmental benefits, […]

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News
ILS News

Open Protocol (OP) Insurance Working Group publishes Template for Insurance Funds


The Open Protocol (OP) Insurance Working Group has published the final version of the Open Protocol Template and Manual for Insurance Funds, following a public […]

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News
ILS News

More pension funds invest in ILS as alternatives allocations rise: Mercer


European pension funds have been increasing their allocations to alternative investments and this looks to have been benefitting the insurance-linked securities (ILS) space, with the […]

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News
ILS News

Cat bond issuance reaches $8.15bn in 2017, market hits $29bn record


The catastrophe bond and insurance-linked security (ILS) market has reached another milestone as of the 1st June 2017, with issuance for the year now at […]

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News
ILS News

Bermudian SPI’s recorded solid growth in latest set of BMA statistics


Data from the Bermuda Monetary Authority (BMA) reveals that the total assets of special purpose insurers (SPI’s) licensed in the region increased to roughly $34.34 […]

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News
ILS News

Report shows London losing reinsurance share


London is at risk of losing its global share and importance in reinsurance to places like Bermuda, a new report has warned. “London Matters — […]

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News
ILS News

Cat bond issuance in 2017 overtakes FY 2016, market hits $28bn record


Catastrophe bond issuance in 2017 has already reached $7.14 billion, according to Artemis’ data, which means that the year’s deal volume has already overtaken the […]

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News
ILS News

London losing ground in global reinsurance market


London’s share of the global reinsurance market is falling as rivals such as Bermuda and Singapore take more business and the British capital is also […]

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News
ILS News

London needs ILS innovation, as reinsurance market challenged: LMG


The London market is increasingly challenged and under pressure, according to a new report from the London Market Group (LMG) and Boston Consulting, with reinsurance […]

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News
ILS News

Bermudian SPI’s recorded solid growth in latest set of BMA statistics


Data from the Bermuda Monetary Authority (BMA) reveals that the total assets of special purpose insurers (SPI’s) licensed in the region increased to roughly $34.34 […]

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News
ILS News

ILS players look to InsurTech to disrupt the value chain: WTWS


As technology continues to advance and influence industries throughout the world, the risk transfer landscape seemingly has little choice but to embrace and utilise the […]

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News
ILS News

BDA launches Bermuda Risk Directory


The Bermuda Risk Directory website (http://www.brd.bm/) offers access to the island’s brokers, as well as insurance, reinsurance, captive insurance, and insurance-linked securities sectors, connecting users to the market’s globally-respected companies. […]

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News
ILS News

Robust start to 2017 cat bond issuance, on track for $8bn: Aon Securities


The catastrophe bond market got off to a “robust start” in 2017, with high issuance managing to outpace the maturities in the quarter, suggesting that […]

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News
ILS News

ILS sector “firing on all cylinders” but continued innovation required: Willis


The insurance-linked securities (ILS) market continues to impress and broaden in terms of products and perils despite spread levels and margins continuing to decline, which […]

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News
ILS News

ILS regulations to be delayed until after UK general election


The UK’s insurance-linked securities (ILS) regulations will have their publication delayed, after Prime Minister Theresa May announced a snap election this week which means Parliament […]

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News
ILS News

Will ILS regulations offer UK re/insurance a competitive advantage?


Bringing insurance-linked securities (ILS) to London is clearly a hot topic and an important step for the regulators and facilitators in making London a modern, […]

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ILS News

Capital ready for a hard market: Ursano


External capital is waiting to pour into insurance securities once a hard market arrives, according to Tony Ursano, president of reinsurance broker and ILS advisory […]

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News

The Effects of a Border-Adjusted Tax on Florida’s Property Insurance Market


The U.S. House of Representatives’ Tax Reform Task Force recently unveiled its “Blueprint” for comprehensive tax reform, including a proposal to make the federal corporate […]

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ILS News

PCS Launches Global Marine and Energy Solution


Property Claim Services® (PCS®), a Verisk Analytics (Nasdaq:VRSK) business, has launched PCS Global Marine and Energy, its first solution outside the property-catastrophe sector. The new […]

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ILS News

Bermuda remains ILS world leader


Bermuda continues to be the world leader in the insurance-linked securities market — but new issuance of ILS fell for a second successive year in […]

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ILS News

Pension funds continue alternatives push in 2016, positive for ILS


The world’s pension funds continued to push more deeply into alternative investments in 2016, as asset classes which offer diversification continue to prove very attractive […]

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ILS News

Investors seek diversification within alternatives, positive for ILS


Large and institutional investors, such as pension funds, insurers, family offices and endowments, have increased their allocations to alternatives in 2016 and are seeking diversification […]

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ILS News

Cat bonds an attractive asset for EU insurers in a Solvency II world


Investing in catastrophe bonds is viewed as an attractive investment by some primary insurance companies, with the implementation of Solvency II meaning the assets can […]

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ILS News

Hong Kong targets ILS as important driver of reinsurance growth


The Hong Kong government’s Financial Services Development Council (FSDC) has said in a report that it sees insurance-linked securities (ILS) as an important driver of […]

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ILS News

ILS diversification up in 2016, U.S. wind share reduced: Munich Re


Insurance-linked securities (ILS) and catastrophe bond issuance diversification was evident throughout 2016, a year that saw the percentage of U.S. wind issuance reduce substantially from […]

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ILS News

Sovereign cat bonds can help governments borrow, improve welfare


For sovereign governments, having a source of disaster risk financing and insurance provided by catastrophe bonds can help the government to borrow more on the […]

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ILS News

Interest rate rise won’t reduce allocation to ILS market: Morgan Stanley


After the U.S. Federal Reserve hiked interest rates in December of 2016 analysts at Morgan Stanley have said that the move wouldn’t result in a […]

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ILS News

Expect to see more innovative ILS structures in 2017: BNY Mellon


Investment management and investments services banking group BNY Mellon recently explored the prospects for global reinsurers in 2017, and the impact market dynamics could have […]

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Bermuda set to recapture greater share of offshore fund industry


Bermuda is the quintessential Anglo-American blue-chip jurisdiction, both culturally and geographically. As an interface between the US and Europe, through its diversified service provider industry […]

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News

UK re/insurance market welcomes government’s draft ILS regulations


The UK Government has now published its draft regulations for the facilitation of insurance-linked securities (ILS) business, with the goal of establishing London as an […]

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News
Convergence 2016

Futurist: disruption top threat, not cyber


Re-cap on ILS Convergence 2016 Keynote, Pablos Holman: Changing world: Pablos Holman, a futurist, inventor and hacker, shared insights into the world of hacking, and […]

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ILS News
Press Releases

ILS Bermuda Announces Record Attendance at Bermuda Convergence 2016


On November 9 – 10, close to 340 attendees from 13 different countries arrived at the Hamilton Princess for Bermuda Convergence 2016 – a networking event covering the alternative reinsurance, […]

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ILS News

Cat funds provide bulk of ILS capacity in 2016, geography varies: Aon


Dedicated catastrophe funds and institutions continue to provide the majority of capacity to the ILS space while hedge funds have also increased their market share […]

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ILS News

Innovative ILS can address “critical protection gap” – ILS Bermuda leaders


The evolution of the convergence space continues to influence the global insurance and reinsurance industry and this is only the beginning of the market’s transformation, which, along with traditional forms […]

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ILS News

Markets should focus on collaboration to grow ILS footprint


A recent article in a leading insurance publication suggested that Bermuda had stolen the ILS market from other domiciles, in this case London. But that’s […]

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ILS News
Press Releases

ILS Bermuda: ‘Collaboration and innovation will grow the global ILS market’


ILS Bermuda: ‘Collaboration and innovation will grow the global ILS market’ BSX listings reach 159 securities with market capitalization of $19.2billion Within the last decade, the Bermuda Monetary Authority (BMA) […]

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ILS News

World Bank looks to cat bonds for other kinds of risk


The World Bank has been helping countries to access the capital markets for catastrophe insurance and disaster risk transfer for over a decade, but now […]

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ILS News

Qatar Re opens branch in Singapore


Bermudian-based Qatar Re has been granted a licence to operate a branch office in Singapore. The company, which is headquartered in Hamilton, also has branch […]

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ILS News

ILS can increase efficiencies & reduce costs for reinsurers: Aon


Being able to successfully attract and deploy alternative reinsurance capital can provide reinsurers with some potentially invaluable cost reductions and broader market efficiencies, according to […]

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ILS News

Alternative capital continues to grow. Bermuda continues to be the domicile of choice.


Insurance-Linked Securities Alternative Markets Find Growth Through Innovation September 2016 Click Here to view this report

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ILS News

Big ILS funds actively raise capital, collateralised Re focus grows: Aon


The largest insurance-linked securities (ILS) fund managers are actively raising capital at this time, which increasingly will be diverted to collateralised reinsurance as focus on […]

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ILS News

Bermuda: a safe harbour – Bermuda’s role is the risk transfer world


  Having weathered competitive and recessionary challenges, Bermuda is experiencing a renaissance of sorts. Turbulence and uncertainty in other global hubs are making the industry’s […]

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ILS News
Press Releases

ILS Bermuda announces Industry Keynote Speaker for Convergence 2016 – V.J. Dowling


ILS Bermuda announces Industry Keynote Speaker for Convergence 2016 – V.J. Dowling Hamilton, Bermuda – ILS (Bermuda) Ltd., organisers of Bermuda Convergence 2016 today announced one of the event’s two […]

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ILS News

ILS a “bright light in an otherwise murky market” – Brent Slade, Horseshoe


Brent Slade, the Chief Operating Officer (COO) of ILS and reinsurance management, servicing, transformation and fronting specialist Horseshoe Group, has underlined innovation in the insurance-linked securities […]

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ILS News

Reinsurance is on the edge of profitability


Reinsurance firms are on the edge of profitability, with combined ratios rising and an expectation that even an average year of catastrophe losses could tip […]

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ILS News

Brexit could result in London losing re/insurance business: Fitch


The fallout from the UK’s vote to leave the European Union, or Brexit as it’s more commonly known, could result in lost business for the […]

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ILS News

ILS market top opportunities & concerns revealed in BDA survey


The evolving insurance-linked securities (ILS) sector continues to present both challenges and opportunities for participants, with respondents to a recent ILS survey highlighting competition as […]

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ILS News

Straight in at number 1, catastrophe bonds top the charts


Catastrophe bonds may not be for everyone. They’re sophisticated assets and lower returns have reduced their attractiveness for some, of late. But the ability of […]

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ILS News

ILS industry generates 400 jobs in Bermuda in 2015: new BDA economic impact study of convergence sector


FOR IMMEDIATE RELEASE ILS industry generates 400 jobs in Bermuda in 2015: new BDA economic impact study of convergence sector Hamilton, Bermuda, July 20, 2016—Bermuda’s […]

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ILS News

Asia shows significant interest in ILS, market set for steady expansion


The insurance-linked securities (ILS) sector and the use of capital market capacity within Asian insurance and reinsurance is set to increase steadily, according to speakers […]

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ILS News

Does Size Matter? PCS® Q2 2016 Catastrophe Bond Report


OVERVIEW In some ways, 2016 has felt like a parallel catastrophe bond universe. Since we first issued the PCS® Catastrophe Bond Report four years ago, […]

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ILS News

Convergence of capital markets and reinsurance only just begun


Around twenty years into the convergence of reinsurance and capital markets there is a feeling that the trend is still in its infancy, with the […]

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ILS News

Post-Brexit uncertainty for re/insurance, low correlation highlighted


As the world digests the ramifications of the UK’s Brexit vote to leave the European Union, the equity analysts are assessing the potential impact to […]

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ILS News

No immediate Brexit hit to ILS market, but structural issues to consider


So, overnight the United Kingdom population has voted in favour of leaving the European Union, in what is to many a surprising result that presents […]

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ILS News

ILS: Bermuda as the jurisdiction of choice


Bermuda has overtaken the Cayman Islands as the domicile of choice for insurance-linked securities (ILS), according to the October 2015 Willis Capital Markets & Advisory […]

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ILS News

Catastrophe bonds a vital part of insurers “financial tapestry” – John Doak


The Commissioner of the Oklahoma Insurance Department, John Doak, has underlined the important role catastrophe bonds play in the “financial tapestry” of insurers. A view […]

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ILS News
Convergence 2016

ILS Bermuda Announces Registration Opens for Convergence 2016 and New Venue


ILS Bermuda Announces Registration Opens for Convergence 2016 and New Venue Hamilton, Bermuda – Bermuda Convergence 2016 will be held November 9 -10 at the Hamilton Princess,Bermuda, in the newly […]

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ILS News

Collateralised reinsurance & ILS could hit $160bn by 2020: LGT’s Stahel


The insurance-linked securities (ILS) and collateralised reinsurance market could more than double in size by 2020, growing from the roughly $70 billion of capacity it […]

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ILS News

World Bank launches pandemic risk market, backed by cat bonds


The World Bank has launched the “first-ever insurance market for pandemic risk”, the Pandemic Emergency Financing Facility (PEF), which is designed to rapidly disburse capital […]

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ILS News

Hurricane drought? Not so fast. Bermuda-based research says it’s a climatological myth


BERMUDA — Forgive Bermudians for questioning the existence of a hurricane drought. In 2014, Hurricane Fay lashed the island and its white roofs with 80 […]

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ILS News

Original Risk – Cats, Boxes, and a Taste for Offshore Energy


Offshore energy could become a large source of original risk. And the reinsurance industry needs growth opportunities. But before taking that next bite, the industry […]

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ILS News

ILS growth underlines Bermuda’s role as the World’s Risk Capital


Greg Wojciechowski, chief executive officer of the Bermuda Stock Exchange, examines the growing acceptance of ILS by the capital markets and the role that exchanges […]

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ILS News

Regulatory advances create reinsurance & ILS opportunities in Asia


Advances with insurance and reinsurance regulatory frameworks in China and India are reforming both countries’ reinsurance markets, a move that could provide global reinsurers and […]

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ILS News

ISO to collect terror event data, help develop terrorism ILS solutions


ISO, a division of Verisk Analytics is working to assist the development of improved terrorism insurance solutions, by collecting, aggregating and analysing data on global […]

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ILS News

Alternative reinsurance capital grew 12% to $72bn in 2015: Aon


Total global reinsurance capacity declined by 2% last year, standing at $565 billion at December 31st 2015. However, alternative reinsurance capital continued to increase its […]

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ILS News

Important to be invested in ILS to capitalise post-event: Herde, Munich Re


Insurance-linked securities (ILS) investors need to be active with capital deployed in the ILS market both pre and post-event, so they can support cedants capacity […]

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ILS News

Team effort behind Bermuda’s Solvency II joy


Six years of hard work by the Bermuda Monetary Authority, insurance industry figures and politicians have paid off with the final confirmation that Bermuda has […]

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ILS News

Hybrid balance-sheet, the future of reinsurance


Reinsurance firms operating with a hybrid balance-sheet approach to capital sources, management and funding, are the future of the industry, according to speakers at the […]

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ILS News

Call for Speakers at Convergence 2016


Do you or someone you know have a viewpoint to share with the ILS community? ILS Bermuda is calling for speakers to participate in the popular ‘Bermuda Shorts’ series at […]

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ILS News

ILS and catastrophe bonds are not sub-prime mortgages


The transparency of the insurance-linked securities (ILS) market alongside comprehensive third-party models, and sector sophistication underlines its differences from sub-prime mortgages, according to Aon Securities […]

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ILS News
Convergence 2016

ILS Bermuda Announces Date for Bermuda Convergence 2016


Hamilton, Bermuda – Bermuda Convergence 2016 will be held November 9 -10, in Hamilton, Bermuda ILS Bermuda Ltd announced today. Last November, the Bermuda Convergence 2015 event was hailed a […]

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ILS News

Bermuda’s regulation enhances business opportunities: Brad Adderley


Bermuda’s mature, sophisticated regulatory environment has aided its development into a world-leading hub for reinsurance and insurance-linked securities (ILS) business, and according to Appleby’s Brad […]

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ILS News

An Interview with Brad Adderley, Partner at Appleby (Bermuda) Limited


Brad Adderley is a partner in the corporate department of Appleby’s Bermuda office and has been a member of the insurance team for 20 years. […]

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ILS News

Predictions for 2016: Bill Dubinsky, Head of ILS, Willis Capital Markets & Advisory


The fifth in our series of articles featuring leading figures in insurance-linked securities (ILS) and reinsurance on the market as we move into 2016 features Bill Dubinsky, […]

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ILS News

ILS Bermuda Deputy Chair Kathleen Faries Named in Power 50


Kathleen Faries, Head of Bermuda – Tokio Millennium Re and ILS Bermuda’s Deputy Chairman has been named amongst Insurance Day’s Power 50. Insurance Day unveiled its Top Influencers for 2016, serving as […]

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ILS News

Reinsurance disruption to continue as finance becomes modular: Oliver Wyman


The insurance and reinsurance industry should expect further disruption as financial sectors with inefficient cost structures and high capital usage face threats from new entrants, […]

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ILS News

BSX chief Wojciechowski on the future of ILS


Global Reinsurance interviews stock exchange chief How big a role has the Bermuda Stock Exchange (BSX) played in the boom of ILS? We have about […]

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ILS News

Original Risk – Tempted by Profitable Growth?


Take a Bite: New Markets, New Lines, New Opportunities With abundant capacity, declining reinsurance rates, and a general increase in competition, the global reinsurance and […]

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ILS News

Cat bond & ILS listings on Bermuda BSX pass $19.2bn at end of 2015


The Bermuda Stock Exchange (BSX) continues to grow the volume of insurance-linked listings of catastrophe bonds, insurance-linked securities (ILS) and insurance linked investment funds on […]

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ILS News

ILS to encompass a broader range of structures and assets: Experts


The global trend for growth of reinsurance and insurance-linked securities (ILS) is set to continue and intensify, as investors increasingly look to sit on both […]

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News
ILS News

Bermuda wins Solvency II equivalence


In a timely boost to the Bermuda (re)insurance market and as an important vote of confidence in the Bermuda Monetary Authority’s supervisory regime, the European Commission (EC) has declared Bermuda’s […]

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ILS News

UN report highlights significant cost of weather-related disasters


A study conducted by the United Nation’s (UN) highlights the significant cost that weather-related disasters cause across the globe, and with the expectation of more […]

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ILS News

More ILS capacity to enter market than exit post-event: Industry leaders


As the use of ILS capacity has grown within the overall insurance and reinsurance market, the industry has voiced concerns about how investors will react […]

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News
Convergence 2015

America’s Cup Endeavour Youth Program benefit from Jimmy Spithill keynote at Convergence 2015


Keynote speaker Jimmy Spithill, skipper and helmsman for Oracle Team USA, regaled the Bermuda Convergence 2015 audience with tales from the world of America’s Cup sailing. Proceeds from the sponsorship […]

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News

Occasionally Bermuda does lead the world


For an Island so small, it is remarkable that Bermuda produces anything that could be labelled “best in the world”. Yet, occasionally, we can genuinely […]

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Convergence 2015

ILS Bermuda announces 2nd panel – Converging Capital Structures


Hamilton, Bermuda – ILS (Bermuda) Ltd., organisers of the Bermuda Convergence 2015 today announced the second panel session that will be held at this year’s event as ‘Converging capital structures […]

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Convergence 2015

“The Next $60 Billion” – ILS Convergence announces first panel session


Hamilton, Bermuda – ILS (Bermuda) Ltd., organisers of the Bermuda Convergence 2015 today announced the first panel session that will be held at this year’s event as ‘Deploying and Sourcing […]

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Bermuda overtakes Cayman as predominant domicile for ILS vehicles


Bermuda has overtaken the Cayman Islands as the main domicile for insurance-linked securities (ILS) vehicles, according to the latest Willis Capital Markets & Advisory (WCMA) […]

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ILS News

Attracting ILS & cat bonds will be challenging for London: Report


A report published by global accounting firm Grant Thornton in partnership with UK Trade & Investment (UKTI) concludes that London and the UK will find […]

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ILS News

London faces ‘hurdles’ to win ILS business


Bermuda is in a strong position to hold on to its insurance-linked securities business — despite attempts by the City of London to muscle in […]

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News

Reinsurance M&A ‘mega deals’ an opportunity for ILS


Increased merger and acquisition (M&A) activity, deal value and deal size during the first-half of 2015, highlights a return of the ‘mega deal’, but what […]

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News

Asia-Pacific needs ‘responsive’ disaster risk transfer instruments: ABAC


The Asia-Pacific region is in need of greater access to disaster insurance and risk transfer instruments which can be responsive to actual catastrophe or weather […]

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ILS News

Tokio Millennium Re launches Capital Solutions unit; increases ILS focus


Tokio Millennium Re, the global reinsurance operations of Tokio Marine & Nichido Fire Insurance Co., Ltd., is increasing its focus on ILS business and advancing […]

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ILS News
Convergence 2015

ILS Bermuda announces Keynote Speaker for Convergence 2015


Hamilton, Bermuda – ILS (Bermuda) Ltd., organisers of the Bermuda Convergence 2015 today announced the event’s keynote speaker will be Jimmy Spithill, helmsman for America’s Cup Oracle Team USA. The […]

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ILS News

Bermuda captured 87% of ILS and cat bonds in 2014


According to data released by ILS Bermuda Ltd., the steering committee of the forthcoming Bermuda Convergence 2015 event, the island captured a huge 87% of […]

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ILS News

ILS Bermuda announces details of Convergence 2015


Hamilton, Bermuda – Bermuda Convergence 2015 will be held November 11–13, at Pier 6 in Hamilton, Bermuda. The newly expanded steering committee of ILS Bermuda Ltd. has been busy planning […]

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ILS News

Bermuda Stock Exchange cat bond & ILS listings near $17.5 billion


Following an impressive 2014 the Bermuda Stock Exchange (BSX) has passed yet another milestone, revealing that a significant $17.462 billion catastrophe bonds, ILS, sidecars and […]

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ILS News

UK should be “at the cutting edge” of ILS: Economic Secretary, Baldwin


The UK continues to make it clear that ILS is firmly on the governmental agenda as Economic Secretary to the HM Treasury Harriett Baldwin said […]

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ILS News

Solvency II likely to be “major development” for ILS market: EIOPA


The introduction of the impending Solvency II insurance and reinsurance regulatory environment is likely to be a “major development” for the insurance-linked securities (ILS) market, […]

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ILS News

Bermuda Builds On ILS Success


Tim Faries, Bermuda Group Head, Corporate and Group Team Leader, Insurance, at Appleby, discusses the importance of Bermuda’s insurance-linked securities (ILS) market to the Island’s […]

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ILS News

Bermuda: Reinsurance Market Capital in Focus


Bermuda: Reinsurance Market Capital in Focus Bermuda is an island the size of Manhattan. As anyone who has ever tried to buy real estate in a big city like Manhattan […]

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M & A- the long view


Last week’s announcement that Endurance will be buying Montpelier was the fifth significant reinsurance deal in as many months. Assured Research, an insurance focused research firm, has analysed the data from the last 15 years […]

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Cat bond pricing stabilises for now


Data from recent deals indicates that catastrophe bond prices have stabilised over the last 12 months. Has the market finally reached the bottom or is it just pausing for […]

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ILS News

Third-party & ILS capital to more than double to $150B by 2020: Millette


As the pace of change in the reinsurance market accelerates, there is an expectation that the amount of capital seeking direct access to insurance and […]

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ILS News
Press Releases

ILS Bermuda Announces Date for Bermuda Convergence 2015


Hamilton, Bermuda – Bermuda Convergence 2015 will be held November 11-13, in Hamilton, Bermuda ILS Bermuda Ltd. announced today. Last November, the Bermuda Convergence 2014 event was hailed a major […]

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ILS News

Bermuda stretches ILS market lead


Bermuda is streaking ahead in the global ILS market, with the Island issuing $7.7 billion of during 2014. By comparison Cayman Islands saw only $0.7 […]

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ILS News

Bermuda fund generates 19.7% in first full year


Reinsurance veteran Don Kramer’s latest Bermuda start-up venture has got off to a flying start. In its first full year of operations, ILS Capital Management […]

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News
ILS News

As asset class correlations rise, attraction to ILS & cat bonds increases


Managers of large multi-asset class investment funds are showing signs of concern that correlation levels between asset classes may break down, with their portfolio adjustments […]

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ILS News

A turbulent year


Insurers are anticipating that 2014 will be the most expensive year for the aviation market since 2001 and global air travel is likely to double again […]

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Convergence 2014

Appleby picks up award for ARC work


Law firm Appleby has been recognised at a UK awards ceremony for its work involving a progressive transaction to provide African Union member countries with […]

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News
Convergence 2014

Bermuda to fight for title of ILS domicile of choice


Hamilton, Bermuda: January 28, 2015 – Bermuda has been the domicile of choice for 57% of Insurance Linked Securities (ILS) during 2014, and the island is committed to retaining its […]

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Convergence 2014

Panel of industry leaders at Convergence 2014 to examine changing capitalization of the reinsurance industry


Over the last few years, a variety of new capital structures have significantly changed the dynamics of the reinsurance industry. With no sign that the rate of change is slowing, a panel […]

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Reports

A lazy summer for ILS: Artemis Q3 2014 Catastrophe Bond & ILS Market Report


As is typical, the third-quarter saw a summer lull with the risk capital issued in new cat bonds and ILS during Q3 only hitting $364 million, according to the Artemis […]

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Reports

PwC’s Reinsurance 2020: Take control of your destiny


Reinsurers with undifferentiated `me too’ strategies could be squeezed out of the market. Which business models will be viable in five years’ time and what steps do you need to […]

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ILS News

ILS Bermuda Unveils Keynote Speaker Erik Wahl


An internationally recognised creative strategist and a #1 best selling business author.  Drawing from his history as both an entrepreneur and an artist, Erik has has delivered his inspiring concepts and breakthrough […]

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Reports

Aon Benfield: Evolving Criteria (2014)


The annual Evolving Criteria report reviews the latest rating agency and regulatory developments in the non-life insurance industry. The report comprises detail on rating agency criteria updates, regulatory developments, accounting […]

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Reports

Aon Benfield: Insurance Risk Study (9th Edition, 2014)


The ninth edition of the Insurance Risk Study provides a comprehensive review of insurers’ growth, risk and profitability, and highlights emerging risks and opportunities in the global insurance industry. The […]

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Reports

Aon Benfield: Reinsurance Market Outlook September 2014


The report, Growth capital from growing reinsurer capital, reveals that the cost of reinsurance capital for catastrophe risk has decreased to one third to one half of the cost of […]

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Reports

Expanding the Potential of ILS


Following a year of tremendous change and convergence in the reinsurance market, we estimate that ‘alternative’ ILS capacity now makes up around 15% of the overall property catastrophe reinsurance (‘property […]

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Education

Reinsurance returns – lower and lower


The latest pricing data indicates that returns have slipped further for both the cat bond and reinsurance markets The third quarter has not been an active one for new reinsurance deals or cat […]

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Education

Fay & Gonzalo: A Tale of Two Storms


Bermuda was hammered by two tropical cyclones in less than a week, Fay and Gonzalo. But hitting Bermuda was one of the few things the storms […]

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ILS News

Cat bonds help California Earthquake Authority to offer rate reduction


The California Earthquake Authority (CEA), the publicly managed residential earthquake insurance provider, is proposing to reduce homeowners rates, as savings made due to catastrophe bonds […]

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Convergence 2014

ILS Bermuda announces: “Bermuda Convergence 2014 will go on”


Bermuda’s resilience and catastrophe preparedness were demonstrated after being battered by Tropical Storm Fay and Hurricane Gonzalo within the period of a week.  The island received international media attention while […]

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ILS News
Education

Retail Investors – the third wave


A new type of investor – the retail investor – is rapidly becoming a major force in the capitalisation of the reinsurance industrySince 2005 there […]

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Education

Nothing Happened: PCS Q3 2014 Catastrophe Bond Report


Catastrophe bond issuance remained at $5.7 billion through the end of September but still topped the same period in 2013. Despite the absence of property […]

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Convergence 2014

ILS Bermuda Announces Panel Session for Convergence 2014


Hamilton, Bermuda – ILS (Bermuda) Ltd., the organisers of the Bermuda Convergence 2014 today announced the second panel session that will be held at this year’s event as ‘Relative value […]

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ILS News

Michael Frith: Insurance Is Big Business


Go to any city in the world, and look for the grandest or most iconic modern building there. Chances are it’s owned by an insurance company. And why is that? […]

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ILS News

Monte Carlo Wrap Up


Every year, the reinsurance conference in Monte Carlo is accompanied by market analysis from key industry observers that sets the agenda for the next year. Here […]

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ILS News

Big is not always beautiful


Interest from small and mid-sized cedants in the use of ILS as a risk transfer mechanism is growing fast and several platforms are now able […]

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ILS News

Innovate & adapt to navigate a reconfigured reinsurance industry: S&P


Innovation and adaptation are two key traits of global reinsurance firms that will succeed in remaining relevant as they navigate what will eventually result in […]

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ILS News

Alternative reinsurance capital and ILS on the rise. Up 18% in the first-half to now $59 billion of reinsurance capital, according to Aon Benfield’s latest estimate.


The amount of alternative capital in the reinsurance marketplace increased by 18% to reach $59 billion in the first-half of 2014, according to Aon Benfield, […]

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Convergence 2014

ILS Bermuda Announces Keynote Speaker for Convergence 2014


Hamilton, Bermuda – The Keynote speaker for Convergence 2014 will be Paul Jardine, Deputy Chairman of of Lloyds, ILS Bermuda Ltd announced today. Mr. Jardine will address the fear of […]

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ILS News

Competition would be fierce even without third-party capital surge: S&P


The competitive nature of the current global reinsurance market is often blamed on the recent influx of additional capital from third-party and institutional investors, like […]

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ILS News

ILS success seen as a blueprint for attracting business


Bermuda Stock Exchange chief Greg Wojciechowsi has highlighted Bermuda success in attracting insurance-linked securities (ILS) to Bermuda in a prestige European magazine aimed at business […]

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Education

2014 hurricane update with NASA’s Dr Tim Hall


It has been a quiet year for Atlantic hurricanes, and it is increasingly likely to stay that way. In the first of a series of […]

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ILS News

Converge or Die


André Perez, CEO of the Horseshoe Group, describes how capital markets are changing the traditional catastrophe reinsurance model. Let us go back to when it […]

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Education

Seismology on firmer ground


The cat bond and reinsurance markets are likely to be affected by a new study by the US Geological Survey. It concludes that, in many […]

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ILS News

Positive for ILS investing: McKinsey says alternatives to keep growing


One of the factors that is responsible for assisting the rapid growth of the insurance-linked securities (ILS) and reinsurance-linked investments market in recent years is […]

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Education

The rise of the insurance linked fund


For hundreds of years reinsurance was sold by reinsurers. In the early 2000s, a handful of specialist fund managers began to construct portfolios of catastrophe […]

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ILS News

Appleby Interview: The global centre for risk management


Having established itself as a global reinsurance market leader for many years, thanks in large part to its regulatory environment, Bermuda is enjoying a boom. […]

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ILS News

Convergence investors: an evolution


We address the changing make-up, focus and expectations of investors in the convergence space as the market broadens and matures. The options for convergence investors […]

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ILS News

Bermuda: a world leader in the insurance linked securities market


Most people’s first thoughts of Bermuda will be of a paradise island that combines turquoise waters and pink beaches with old-style British colonial charm. To […]

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ILS News

Bermuda Funds Industry Deemed A Success


As a result of recent innovations in Bermuda’s Fund Industry, the Island was featured in the Regulatory Compliance Association’s (RCA) PracticeEdge Session on July 23, […]

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Convergence 2014
Press Releases

ILS Bermuda Announces First Panel Session for Convergence 2014


LS (Bermuda) Ltd., the organisers of the Bermuda Convergence 2014 today announced the first panel session that will be held at this year’s event as ‘Beyond US Property Cat – […]

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ILS News

Nimble and opportunistic


Marc Grandisson, chairman and CEO of Arch Worldwide Reinsurance and Mortgage Group spoke with Bermuda:Re about Watford Re, the company’s work with Fannie Mae and […]

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Convergence 2014
Press Releases

ILS Bermuda unveils new website as it plans for Bermuda Convergence 2014


Hamilton, Bermuda – ILS (Bermuda) Ltd., the organisers of the Bermuda Convergence 2014 networking event today launched a redesigned website at ilsbermuda.com. […]

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ILS News

Is water the new wind?


A conversation with Dr Robert Muir-Wood, Chief Research Officer of RMS about why water is the new wind when it comes to hurricane risk. For […]

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ILS News

Buffett Warning Unheeded as Catastrophe Bond Sales Climb


By Caroline Chen June 16th, 2014 Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields […]

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ILS News

Room to grow as ILS & alternative capital demonstrate staying power


The staying power of insurance-linked securities (ILS) and alternative reinsurance capital still needs to be demonstrated to some of the world’s largest insurers, for whom […]

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Education

A brief history of cat bond prices – part one


We analysed twelve years of data to try to understand the causes of the big changes in the market price of catastrophe bonds Cat bond […]

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ILS News

The ILS ‘explosion’: getting it right


For insurers and investors alike, the right choice of trustee/agent administering the ILS structure is vitally important, as Alex Tsarnas and Erin Courcey explain. For […]

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ILS News

Global leadership in ILS


Bermuda has established a position for itself as the leading global domicile for ILS. Here we receive insights from the diverse set of partners who […]

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ILS News

Cash: ILS growth does benefit Island’s economy


Does the powerful growth in insurance-linked securities actually benefit the Bermuda economy? While questions remain about the job-making potential of a sector that has produced […]

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News
ILS News

Experts Corner — Towers Watson’s ILS Consulting Team Offers Perspectives on the ILS Market


Q&A with Towers Watson ILS consultants Matthew Ball and Todor Todorov With the issuance of cat bonds and insurance-linked securities (ILS) instruments forecast to hit record levels in 2013, the […]

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